According to the tweet, the loss in assets is due to large withdrawals and price fluctuation. Nansen shares that this information is based on Binance’s publicly disclosed wallets, including Bitcoin, Ethereum, BNB Chain, and Tron assets.

Binance’s wallet holdings and transactions are viewable on Nansen Portfolio’s Binance dashboard, which highlights that Binance’s public wallet features a net worth of $55,028, 367, 437.75 or $55 billion with nil debt.

Moreover, the total allocation is made up of 27.50% Binance USD (BUSD), 21.44% Tether (USDT), 14.77% Bitcoin (BTC), 9.54% Ethereum (ETH), and 9.50% Binance Coin (BNB).

Additionally, the Twitter thread reports that Binance’s largest deposits and top withdrawals in the last 30 days, particularly for ETH and ERC20 tokens. As per the screenshots, Binance’s maximum deposit varied from $4.1 billion to $104 million, while its top withdrawals ranged from $1.7 billion to $149 million.

In response to the tweets, the crypto community defended the leading crypto currency exchange with hopes that it will survive the market shakeout with $BNB also demonstrating growth.